Amin, who had been trying to thwart TNB’s takeover of Integrax from the beginning, had requested Integrax’s shareholders not to sell their shares to TNB yet, as he was planning to make a voluntary general offer (VGO) for the port operator.

PETALING JAYA: Less than a week after he alluded to making a voluntary general offer (VGO) for Integrax Bhd, Amin Halim Rasip(pic) has thrown in the towel to end a three-month battle for the port operator in Lumut.

WITH Tenaga Nasional Bhd (TNB) having filed its formal offer to buy out Integrax Bhd at the same indicative price of RM2.75 per share, it quells speculation that the utility giant would raise its offer price.

KUALA LUMPUR: Integrax Bhd is expecting the total cargo capacity throughput at its Lekir Bulk Terminal (LBT) and the Lumut Maritime Terminal (LMT) to increase to 20 million tonnes in three years from 10.86 million tonnes now.

PETALING JAYA: Tenaga Nasional Bhd (TNB) has launched a general offer to acquire the 77.88% stake it does not own in Integrax Bhd for a total of RM644.24 million or RM2.75 per share. In a filing with the stock exchange, TNB said it does not intend the …

However, TNB’s cash and bank balances declined to RM2.5bil largely due to acquisition costs of RM768.7 mil for equity stakes in Integrax Bhd (Integrax) and JEP; higher net repayment on borrowings during the year; and investments of approximately …

PETALING JAYA: Perak Corp Bhd (PCB), which will likely influence the outcome of Integrax Bhd’s buyout attempt by Tenaga Nasional Bhd (TNB), said it will make its decision on the deal by Monday, after its own independent advisor (IA), Affin Hwang …

PCB’s decision is seen as a crucial turning point for TNB to take total control of Integrax, as the other single-largest shareholder, Amin Halim Rasip(pic), with his 23% stake, has declared that he would be rejecting TNB’s offer, claiming that Integrax …

EARLY next week, Affin Hwang, the independent adviser (IA) to Perak Corp Bhd (PCB) will deliver its view on whether the latter should accept the RM2.75 per share buyout offer by Tenaga Nasional Bhd (TNB) for Integrax Bhd. PCB owns 15% of Integrax and …

Another shareholder sues TNB over integrax takeover: Another dissenting shareholder has taken legal action against Tenaga Nasional Bhd (TNB) , saying the utility giant’s offer document in January on the takeover offer of Integrax Bhd shares is …

PETALING JAYA: Amin Halim Rasip, who is battling Tenaga Nasional Bhd’s (TNB) attempt to take over Integrax Bhd, says he has commenced legal action against Perak Corp Bhd and its directors who had earlier rejected his offer to purchase the company’s …

Integrax’s Azman Shah tipped to take the helm at NCB: Azman Shah Mohd Yusof, a former chief executive officer of Integrax Bhd, is tipped to be the next group managing director of NCB Holdings Bhd, sources said. The position was left vacant by Abi …